Adani Enterprises expects to commission the first phase of its new 20-million tonne bulk terminal at the Dahej port by the end of this month. The terminal is a joint venture between Adani Enterprices and Petronet LNG is will attract a total cost of  Rs 1,150 crore and the first phase is being completed with an investment of Rs 600 crore.

“It is expected to be commissioned by the end of this month. It is awaiting notification from the customs authorities,” a person in-the- know of the development said. “The port will be commercially used. We can bring our coal here as well,” he added.

The infrastructure sector-focused group is increasingly looking to acquire coal assets overseas to feed its power generation capacity. The port terminal, being developed by Adani Petronet Port Pvt Ltd, will have a capacity of 20 million tonnes. Petronet is already operating an LNG import terminal at Dahej.

Adani Enterprises, the flagship company of the group posted an over three-fold jump in profit to Rs 407 crore for the first quarter of the current fiscal. This is mainly because of the strong performance by its non-core businesses, like power and agro.Earlier this month, Adani Enterprises had inked coal a deal worth about US $3 billion with Australia’s Linc Energy for its capacity addition plan of  20,000 Mw by 2020.  Adani Power, a subsidiary company is developing the 4,620 Mw project in Mundra. It has also announced two other power projects in the state, at Hazira and Dahej.                                                                                                                         Agencies

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